Incentives and grants for electric cars and vans
The good news is, there are a number of government incentives for electric cars and vans, which offer a host of financial benefits for your business during the course of ownership. To assist with the initial purchase, there’s a Plug-in Car Grant that offers 35% of the cost of an electric car (up to a maximum of £2,500) for cars which cost less than £35,000, as well as a Plug-in Van Grant that offers 35% of the cost of a small electric van (<2.5 tonnes gross vehicle rate) up to a maximum of £3000 and 35% of purchase price (maximum of £6,000) for large vans 2.5 -3.5 tonnes gross vehicle weight. In addition, the Workplace Charging Scheme can reduce the cost of installing electric car charging points by up to £14,000. Taking advantage of these grants for electric cars and vans can lower the upfront cost significantly.
In addition to saving your business money, taking into account incentives such as lower BiK and exemption from ULEZ and congestion charges, compared to conventional diesel or petrol cars, electric vehicles can also deliver real cost-saving benefits to your drivers.
How much can your business save with government incentives for electric cars and vans?
Take a look at some of the key facts below to learn more about the available grants for electric cars and vans, and see how much your business and drivers can save.
Need more EV information?
Now you understand more about how incentives and grants can help your business make the switch, our complimentary advice and tools can help you along your EV journey. Alternatively, you can speak to one of our expert EV advisors: